.
MergerLinks Header Logo

Announced

TA Associates to invest in Honan Insurance Group.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

insurance brokerage

Majority

Friendly

Insurance Brokers

Singapore

Private Equity

Single Bidder

Private

Pending

Acquisition

Cross Border

Synopsis

Edit

TA Associates, a global growth private equity firm, agreed to invest in Honan Insurance Group, a commercial insurance broker. Financial terms were not disclosed. The transaction is expected to close in the second half of 2020, pending customary regulatory approvals and closing conditions. "With a commitment to providing tailored recommendations and high-quality customer service, Honan has grown significantly over the past few years. We are excited to be investing in Honan alongside a talented management team, and we look forward to building on their track record of growth," Andrew Tay, TA Associates Senior Vice President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US